XML 27 R14.htm IDEA: XBRL DOCUMENT v3.20.4
Inventories
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventories

6.

Inventories

Inventories consisted of the following (in millions):

 

 

 

As of December 31,

 

 

 

2020

 

 

2019

 

Finished goods

 

$

1,954.6

 

 

$

1,875.4

 

Work in progress

 

 

223.7

 

 

 

231.0

 

Raw materials

 

 

272.4

 

 

 

278.6

 

Inventories

 

$

2,450.7

 

 

$

2,385.0

 

 

Amounts charged to the consolidated statements of earnings for excess and obsolete inventory, including certain product lines we intend to discontinue, in the years ended December 31, 2020, 2019 and 2018 were $250.0 million, $221.4 million and $226.1 million, respectively.